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Manufacturing Technology Insights | Tuesday, May 04, 2021
The pioneering technology and IoT provider in Europe is assisting customers in undertaking their digital transformation journeys.
FREMONT, CA: S&T Group expands its market position as a technology pioneer with industry-leading technologies and a growth strategy focused on smart Internet of Things (IoT) solutions. The firm is pursuing ambitious financial objectives, including revenue of a minimum of EUR 1.40 billion for 2021 and EUR 2 billion in revenues with an EBITDA of EUR 220 million by 2023.
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The numbers for 2020 prove that S&T is leading in the right growth direction as it has attained a revenue growth of 12 percent totalling more than EUR 1.25 billion, including 50 percent organic growth in 2020. The firm also secured an EBITDA increase of 16 per cent to EUR 130 million for the previous financial year. It continues its transformation to an IoT specialist, with its technology forming the foundations of its place in the ever-evolving Industrial IoT (IIoT) sector.
The firm's focus has been on growth in the IoT segment, driven by the Group's experience in embedded systems and IoT software solutions. S&T will continue to widen the share of software in its vertical end markets and develop a range of IoT as a Service (IoTaaS) packages to mark its transformation to a pure IoT player. The company also recognises the importance of widening and adapting the portfolio to align with the fast-paced IIoT sector to ensure the company can provide the most reliable solutions.
A single provider of services ranging from product development and manufacturing to deployment and operations, S&Ts range of solutions encompass markets including industrial automation, medical technologies, aviation, public transport, energy supply, retail, telecommunications and its IoT software framework SUSiEtec.
Sustainability and diversity continue to be stress areas for S&T, with its headquarters having whole renewable energy consumption and its old vehicle fleet being replaced with electric cars. Diversity within the Group and its corporate bodies is also making progress, with Claudia Badstber announced as the first woman to chair its Supervisory Board.
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